DESO, a blockchain focused on social media applications, is set to revolutionize the social finance (social fi) sector. With its best-in-class technology, high-quality founder and team, immense support and resources, impressive adoption, multitude of products in its ecosystem, builder-friendly platform, focus app, stellar tokenomics, and social airdrop mechanism, DESO is poised to dominate the social fi sector by 2024.
DESO is in a Super Hot and Trending Sector: The social fi sector has been around for a few years, but the social fight trend really took off when FriendTech launched late last year. DESO is leading the way in this sector, which aims to fix the issues plaguing today’s social media platforms, such as censorship, domination by huge corporations, and unfair treatment of creators.
DESO’s technology is best-in-class: DESO is an infinite state blockchain, which means it can store and index everything super efficiently. It is 17,000 times cheaper than Salana and 5 million times cheaper than Ethereum for storing a 200-character tweet on chain. This 100x advantage makes DESO the best chain for social fight apps.
DESO’s team is high-quality, led by founder Nader Al-Naji, an OG crypto veteran with experience at Basis Protocol, Google, Deaw, and Princeton. With his help, DESO has raised over $350 million across two startups and assembled a team filled with Silicon Valley veterans and other crypto OGs.
DESO has immense support and resources, having raised $200 million in funding from top VCs like Sequoia, A16Z, Polygon Capital and Pantera Capital. With $22 years of runway and 2500 BTC and 30 million cash in their treasury, DESO has the resources to see through their grand vision.
DESO’s adoption so far is impressive, with 26 million user wallets, 93 million transactions on their blockchain, 5 million total posts on their crypto social media apps, and 58 million comments. Their creators are making way more money compared to what they make on other platforms, which is crucial for adoption to continue.
DESO’s ecosystem includes a multitude of products, including a wallet, block explorer, decks, fundraising platform, open fund, and a fully onchain order book exchange with social built in. There are several existing social apps on their platform, such as Diamond, a decentralized Twitter, and a story app like Tik Tok.
DESO’s new focus app, which is like OnlyFans and Patreon combined, will pay out thousands of dollars to creators every week. The top creators will get focus tokens on a weekly basis, and there will be new ways for creators to monetize, such as on-chain subscriptions, pay DMs, unlockable content, and creator coins.
DESO’s social airdrop mechanism allows users to get focus tokens proportional to their influence on other social networks, making it easier to get people to join a new social network.
DESO’s tokenomics are impressive, with 100% of the fees that the app generates going back to the holders of the token. DESO’s revolution proof of stake algorithm makes their token deflationary, and the limited token supply, no future unlocks, and no entity holding more than 5% of the total supply makes DESO’s tokenomics quite impressive.
With all these reasons, DESO is poised to dominate the social fi sector by 2024. Whether you’re an airdrop hunter, investor, builder, or creator, DESO presents a big opportunity in 2023 and beyond.
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